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For our "protection", HSBC is introducing limits on how much you can send to exchanges:
Our new payment limits From August 2023, we’re limiting the value of payments you can send to cryptocurrency exchanges using:
your debit card our digital banking services (online and mobile banking) our branches and contact centres
We'll apply the following limits:
Payments – £2,500 for a single transaction and a total of £10,000 in any rolling 30-day period. Debit cards – £2,500 for a single transaction and a total of £10,000 in any rolling 30-day period.
They scared or just protection against the large amount of scammers utilising crypto to funnel away money
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